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Updated over 9 years ago on . Most recent reply

Jeremy Jones's profile image
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Jeremy Jones
  • Police Officer
  • from Columbus, Indiana
  • Member since Oct 19, 2015
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Jeremy Jones's profile image
Jeremy Jones's profile image
Jeremy Jones
  • Police Officer
  • from Columbus, Indiana
  • Member since Oct 19, 2015
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Jeremy Jones
  • Police Officer
  • Columbus, IN
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5
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Starting Out

Start up money

Jeremy Jones
  • Police Officer
  • Columbus, IN
Posted

Hi I'm new on here and excited to learn how to invest in real estate.  I have money in a 457 account. I'm thinking of taking a loan out on myself from the 457 money. People have advised me not to withdraw  the money due to all the tax hits I will take. I would lose almost 25% if I withdrawal.  Is taking a loan out on it a God idea? I would much rather have the money out of the 457 account so I could put it to a down payment of a loan for real estate...

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